Question 6 0.5 pts On September 1, a company purchased equipment for $25,000. The equipment's estimated salvage value is $2,500. The machine will be depreciated using straight-line depreciation and a five year life. If the company prepares annual financial statements on December 31, the appropriate adjusting journal entry to make on December 31 of the first year would be a O $4,500 debit to Depreciation Expense and a $4,500 credit to Accumulated Depreciation. $1,500 debit to Depreciation Expense and a $1,500 credit to Cash. O $4,500 debit to Accumulated Depreciation and a $4,500 credit to Depreciation Expense. $1,500 debit to Depreciation Expense and a $1,500 credit to mulated Depreciation. $1,500 debit to Accumulated Depreciation and a $1,500 credit to Depreciation Expense